Their expenses must be horrendous to have $242m in revenue, but turn in a loss of $227m. No wonder they have to keep searching for investors to pump in cash. They say they have enough for another year of operations, but a sale must be in the offing or they are going belly up very soon. That Sprint/Lightsquared/Clear possible deal better be concluded soon.
Almost all revenue a loss?
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Re: Almost all revenue a loss?
said by Linklist:Startups that are still rolling out a network will show a loss for years. They aren't showing an operating loss, it's loss due to rollout. This is how it works with all startups.. a rollout is typically funded by by investors, not revenue.
Their expenses must be horrendous to have $242m in revenue, but turn in a loss of $227m. No wonder they have to keep searching for investors to pump in cash.
But true, they will be in trouble if they don't get additional investment as any startup would that has a project that costs billions.
Only 6.1 broadband customers? They're aiming high...
| |Mr FelFlynn LivesPremium
Re: Only 6.1 broadband customers? Typos man, don't read too much into it.
| |Jon GebWal-Mart Sucks
Roll out Detroit Please Detroit Metropolitan area is the largest non-rolled out area in the US. We have around 4 Million people and no true roll out.
Clearwire tried to get Stimulus money from the feds as a part of the broadband initiative and state that Detroit was an under served market. They said they would pay for the burbs out of pocket.which would be profitable for them (some of the wealthiest and populated in the US).
Since they didn't get the stim money the region is a big gapping hole in coverage. We put together a chart and it had shown that out of the top 31 metro regions of the country that Detroit metro at number 11 was the ONLY region not covered.
The city is poor, but the surrounding area is quite affluent and densely populated. We don't need to be held hostage to the city and there plight, roll out the burb Clear!
The city only contains 700k out of the regions 4 million people.
I'm saying this as a 10 year Sprint customer with 4 WImax devices waiting for service.
Did I mention the 3G network is so overloaded its almost useless?
| || |said by Jon Geb:The San Diego and Phoenix regions both say, "Hi!"
We put together a chart and it had shown that out of the top 31 metro regions of the country that Detroit metro at number 11 was the ONLY region not covered.
West Bloomfield, MI
Re: Roll out Detroit Please some of it is live some of it is not.
LTE Maybe they'll have enough cash to make the switch to LTE now... its a race against the clock for sure.
Re: LTE An actual switch probably wouldn't happen for a few years but they can apparently upgrade sites relatively cheaply with dual WiMAX/LTE over the next few years and then rollout LTE devices when ready.
Problem with LTE is that it is on some many different bands and different versions out there, roaming isn't likely, especially global roaming. Hopefully Clear can maintain both in the long term. WiMAX has its place for a couple reasons - global roaming, not tied to telcom industry (IEEE).
WiMax probably won't die anytime soon as it has a lot of global deployment but Clear might die if they don't continue to find ways to fund. Sounds like they're good for another year at least. Sprint will likely keep them going until having some form of LTE rolled out, whether via Clear or their own.